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Canada (162,403)
MGTA01H3 (583)
Chapter 7

Chapter 7 Notes

3 Pages

Management (MGT)
Course Code
Chris Bovaird

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Chapter 7 Notes: Managers and Managing The Management Process Management: The process of planning, organizing, leading, and controlling a business financial, physical, human and information resources in order to achieve its goals Managers job: Planning, Organizing, Leading and Controlling Planning That portion of a managers job concerned with determining what the business needs to do and the best way to achieve it 5 Basic Steps for Planning Process 1.) Goals are established for the organization 2.) Managers identify whether a gap exists between goal and actual position 3.) Managers develop plans to achieve the goal (HOW to get there) 4.) Convert planning into action 5.) Assess the effectiveness of the plan Organizing That portion of a managers job concerned with mobilizing the necessary resources to complete a particular task. Leading That portion of a managers job concerned with guiding and motivating employees to met the firms objectives Eg Give orders. Teaching and demonstrating, leading by example Controlling That portion of a ma
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